The ups and downs of business in 2016

Friday, December 23, 2016

As the year 2016 comes to an end, BusinessWeek writers PAULINE DIKUELO & ISAAC PINIELO reflect on the good and the bad that occurred during the year

January

The year began with reports of a tax dispute that stalled Choppies’ plans to enter the Kenyan market as the retail giant had intended to acquire Ukwala Supermarket outlets. This was halted until the P104 million-tax dispute between the retailer and Kenya Revenue Authority (KRA) was settled. Choppies chief executive officer, Ramachandran Ottapathu confirmed the dispute but said he was hopeful the issue would soon be settled amicably.

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